Fitch rates Lippo Karawaci notes B+

Fitch Ratings said it assigned a final rating of B+ and a final recovery rating of RR4 to the $270.6 million senior notes due April 30, 2015 issued by Sigma Capital Pte. Ltd., a subsidiary of PT Lippo Karawaci Tbk, which has B+ ratings and a stable outlook..

The final rating follows the completion of the notes issue and receipt of documents conforming to information previously received, Fitch said.

The final rating is the same as the expected rating, although the issue size is lower than the $350 million previously communicated by the company. But, Fitch said the company's capital structure and credit profile have not changed materially.

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